Moving to Spain questions.

Hi Daz,

Thanks for your reply. That's scary stuff about the tax on our house sale based in Ireland. This is something we will definitely have to look into.

Cheers.

John & Angie.

Hi Hello,


We hadn't considered funerals and wills. That's good advice. Thanks for replying.

Best wishes.

John & Angie.

Hi Ericc,

Thanks for your reply. Good advice. We will definitely be looking into the tax implications selling our house in Ireland,. A massive tax bill in Spain for a property sale in Ireland is the last thing we need.

Cheers.

John & Angie.

Hi Shiva,

Thanks for your excellent advice. Thanks for taking the time to reply. We will check out SGM legal. Good to know about the €20k transfers to avoid fees.

Best wishes.

John & Angie.

Hi Babu,

Many thanks for reply. We will consider this when picking a car. We will probably get a 2 year old car which might avoid the very high mileage models. We don't want to get a new car as we hear the parking is not very considerate and scratches are common. Bad enough to get your 2 years old car scratched but its horrible on new car.

Cheers.

John & Angie.

Babu wrote:Q13 . . On the Costas there are a sizeable number of Dealers that import vehicles from the rest of Europe, particularly France, and replate them to Spain that have done a considerable amount of miles/kilometers where clocking can be concealed so be aware of origins . . .

cheflady wrote:I also recommend SGM in Benijofar brilliant. Good luck! Jules

Cheers Jules,

Thanks for taking the time to reply. SGM seems to be the way to go with our legal requirements.

Regards.

John & Angie.

Expat in Quesada wrote:Hi Ericc,

Thanks for your reply. Good advice. We will definitely be looking into the tax implications selling our house in Ireland,. A massive tax bill in Spain for a property sale in Ireland is the last thing we need.

Cheers.

John & Angie.

As both properties are in EU I am fairly certain that, if the one you are selling was your main residence and the one you are buying, will be your main residence, there will be no capital gains tax involved.

Espanabums wrote:

Expat in Quesada wrote:Hi Ericc,

Thanks for your reply. Good advice. We will definitely be looking into the tax implications selling our house in Ireland,. A massive tax bill in Spain for a property sale in Ireland is the last thing we need.

Cheers.

John & Angie.

As both properties are in EU I am fairly certain that, if the one you are selling was your main residence and the one you are buying, will be your main residence, there will be no capital gains tax involved.

Hi Steve / Jill,

Thats a relief about the CGT not applying. We might book an hour with SGM legal and get 100% confirmation. We are popping over to Quesada in March for a week to have a look around. Will be good to actually see the place first hand. I might even lose a pound or two walking up and down the hills. Lol.

Thanks again for taking the time to reply.

John & Angie.

I think you are mixing up the IBI/Local Rates with Non Resident Tax. The IBI is based on your cadastral value and the rate struck by the Town Hall each year. Torrevieja has the lowest IBI tax rate at 40cent per €100 cadastral value or 4cent in the Euro. Rojales rate is 65cent per €100 cadastral value or 6.5cent per Euro. As far as I am aware cadastral values are very low in Quesada. Those who live in Quesada would be better placed to answer what their cadastral values are and in turn their annual Rates bill is. On a circa €32000 cadastral value in Torrevieja the annual rates bill is around €128 per annum.

I agree with other posters make sure you sort out what tax would apply to the sale of your property in Ireland if you were a resident in Spain at the time. The family home in Ireland is not taxed on a sale but that is not the case in Spain. Spanish taxes are a year in arrears so you need to be very careful of your selling date in Ireland and taking out Spanish residency.

As for an NIE number you can do that at the Spanish Embassy in Dublin which would save a lot of bother. You only require a Spanish Bank Account if you are going to be a Resident in Spain so I would definitely leave that until last because non-resident bank accounts attract high annual maintenance charges.

Bee

Re question 13 on buying a car.

Why not take your current Irish car over with you. You can get it re-registered once you're over there. I've seen a lot of former UK cars re-registered before Brexit.

According to the motoring press, the 2nd hand car prices worldwide are absolutely crazy at the moment. There are two big causes.

(1) A worldwide shortage of computer chips for new cars. Everything in a modern car needs a computer chip to operate. Knock on of that is that dealers are finding it harder and harder to get the stock of new cars they want, so people are hanging onto their old car for another year or two also contributing to the shortage, as it trickles on all the way down. Here's a New York Times atricle on car computer chips (https://www.nytimes.com/2021/04/23/busi ... cedes.html)

(2) A huge source of nearly new 2nd hand cars came as a result of car hire companies selling off their stock after a season or two. This hasn't happened since Covid. No tourists - No demand. The car companies simply haven't ordered new cars that there wasn't the tourists there to hire them out. In addition to this, with the chip shortage the manufacturers were less willing to give the car hire companies the steep discounts they usually got for bulk buying.

A couple of years ago I had nothing else to do and went shopping for a car (no intention of buying). This was pre COVID or the chip shortage.

Here's a link to a post i made at the time. Sorry for the type script errors, but you'll see what I mean about Spanish car dealers. And these are main dealers.

post189295.html?hilit=yaris#p189295